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Hobby Lobby says new Regency Lakes store to open mid-fall

Monday, April 29 2013 12:00 AM

Hobby Lobby says new Regency Lakes store to open mid-fall

By:  John Stearns

Hobby Lobby Inc., the home-decor and craft-supply retailer, today confirmed that it’s building a new store at Regency Lakes shopping center in northeast Wichita.

The Oklahoma City-based company already operates two locations in Wichita, 665 N. Ridge Road and 2120 N. Woodlawn. The latter will close when the new store opens. The Woodlawn store’s employees will be relocated to the new store, company spokesman Vince Parker told me in an email.

The new 55,000-square-foot store — located between Cabela’s, which opened March 12, and World Market at the shopping center along Greenwich Road between 21st Street and K-96 — will open mid-fall, Parker said.

The company is not releasing development cost for the new building, Parker said.

Parker said Hobby Lobby was attracted to Regency Lakes for its location and tenant mix. Besides Cabela’s and World Market, tenants include SuperTarget, Kanza Bank and Chili’s.

Brad Saville, president of Landmark Commercial Real Estate Inc., was the only broker on the deal.

He says Hobby Lobby is a strong addition to the lineup of retailers at Regency Lakes, which is a Laham Development property.

“I just think that’s going to help the other businesses in the area increase traffic to the shopping center,” Saville says.

Hobby Lobby’s website says the company has 525 stores across the nation offering more than 65,000 crafting and home decor products.

Hobby Lobby’s addition gives Regency Lakes about 400,000 square feet of retail space. Pad sites for smaller restaurants and stores include about 10,000 to 15,000 square feet at the corner of 21st and Greenwich and three more sites of about 4,000 to 10,000 square feet each.

Activity continues across Greenwich Road, as well, with a 9,800-square-foot spec retail building under construction along 21st, next to Community Bank of Wichita, and a 97-room Holiday Inn Express & Suites going up just north of that.

North of K-96 at Greenwich, a destination sports complex and retail development also is planned.

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